new to market continued from page 43
to compliantly initiate foreclosure proceedings. Quandis can automatically search and obtain full Dockets for bankruptcies on a regional court level, returning all pending cases into CaseAware. “Quandis has a long-stranding integration and partnership with KMCIS and their CaseAware product,” said Laura Hadley, VP of product management at Quandis. “We recently rolled out additional functionality to our PACER search service on a standalone basis, but our integration with CaseAware provides users with a significant uptick in efficiencies gained.” KMCIS’ CaseAware Suite consists of CaseAware Manage and CaseAware Integrate. CaseAware Manage is a complete CMS that includes a dynamic workflow engine, built-in fee and cost forecasting, and integrated document generation, storage and retrieval. CaseAware Integrate provides automated, two-way transmission of data between a law firm’s CMS and accounting system to major default services industry middleware platforms such as LenStar, LPS Desktop, VendorScape, iClear and NewInvoice, among many others.
ValuTrac Announces Integration With Ellie Mae’s Encompass
Your turn National Mortgage Professional Magazine invites you to submit any information promoting new “niche” loan programs, new products or any other announcement related to the introduction of a new program, to the attention of: New to Market column Phone #: (516) 409-5555 E-mail: newsroom@nmpmediacorp.com Note: Submissions sent via e-mail are preferred. The deadline for submissions is the 1st of the month prior to the target issue.
47
n National Mortgage Professional Magazine n APRIL 2014
Black Knight Financial Services has announced that two of its solutions will help lenders and their service providers comply with the significant changes required by the Consumer Financial Protection Bureau’s (CFPB) new Integrated Mortgage Disclosure Rule. Under the new rule, which will go into effect Aug. 1, 2015, lenders will be required to provide home buyers seeking a mortgage with a loan estimate form within three days after application and a closing disclosure form three business days before closing on the loan. The new forms feature an updated format and include additional disclosure requirements from the Dodd-Frank Act. “The CFPB’s new Integrated Mortgage Disclosure Rule will require a massive change in the way lenders generate loan origination documents and will impact every provider involved with the origination process,” said Dan Sogorka, president of Black Knight’s RealEC Technologies division. “These significant changes mean lenders need to start looking now at the impact of this rule to their organizations and begin planning immediately to meet the upcoming deadline.” Black Knight’s Closing Insight creates a data-driven environment that allows lenders to electronically collaborate with their service providers within one solution. Closing Insight’s collaborative closing services will facilitate the reconciliation of fees for final closing disclosures using a workflowdriven approval process to support data consistency and integrity. This process will also allow lenders to generate and review disclosure documents and refine fees, while helping ensure timelines are met. Additional functionality that will be added to Closing Insight includes the collection and aggregation of fee quotes, delivery of disclosures, and pre- and post-closing data consistency and integrity checks. Closing Insight will be delivered through the RealEC Loan Quality Gateway, an open technology platform that provides integration, data management, decisioning and workflow management through a 24/7 data exchange connected to more than 15,000 of the mortgage industry’s service and solution providers.
NationalMortgageProfessional.com
ValuTrac Software has announced an integration with Ellie Mae, where it will integrate directly with Ellie Mae’s Encompass mortgage management solution to seamlessly facilitate the appraisal portion of the loan process. The integration will increase efficiency and remove risk for Encompass users by automating complicated appraisal steps. “Ellie Mae’s Encompass software is a natural fit with ValuTrac’s appraisal management platform of products. This combination demonstrates how integrating our appraisal management software with leading enterprise mortgage technology providers, such as Ellie Mae, can help build a holistic platform that streamlines the lending value chain and mitigate risk,” said Clint Cornett, CEO of ValuTrac. “ValuTrac is committed to being the leader in providing appraisal management companies, banks, credit unions, and mortgage lenders appraisal management solutions to improve accounting processes, appraiser vendor management, and regulatory guidance for all of our clients.” “Seamless integrations across the lending ecosystem are creating significant efficiencies as well as a higher standard for the mortgage process. ValuTrac’s appraisal management software is a welcome addition to the Ellie Mae Network,” said Joe Tyrrell, SVP. “This integration continues our commitment to providing access to quality products that help minimize origination cost while maximizing retail, wholesale and correspondent performance.”
Black Knight Announces New Solutions to Aid in CFPB Compliance